El Salvador

El Salvador to Roll Back Bitcoin Project Under IMF Agreement
El Salvador to Roll Back Bitcoin Project Under IMF Agreement
December 19, 2024  |  Cryptocurrency

The International Monetary Fund (IMF) said Wednesday (Dec. 18) that El Salvador will alter its bitcoin project as part of a staff-level agreement on a...

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El Salvador Forges Ahead With Crypto Regulation
El Salvador Forges Ahead With Crypto Regulation
November 23, 2022  |  Cryptocurrency

Legislators in El Salvador are considering a bill that would regulate digital securities, a sign the Central American nation is proceeding with plans to issue...

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Corruption Watchdog Criticizes El Salvador’s Bitcoin Spending Secrecy
Corruption Watchdog Criticizes El Salvador’s Bitcoin Spending Secrecy
November 04, 2022  |  Cryptocurrency

El Salvador’s development bank has refused to reveal any details about the country’s purchase of bitcoins for an estimated $107 million. According to a Sunday...

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El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings
El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings
October 28, 2022  |  Cryptocurrency

Low-cost remittances were one of the key selling points Salvadoran President Nayib Bukele cited when announcing the law that made bitcoin a legal tender in...

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Bitcoin Popularity Fading Further in El Salvador
Bitcoin Popularity Fading Further in El Salvador
October 21, 2022  |  Cryptocurrency

Two-thirds of Salvadoran citizens consider President Nayib Bukele’s bitcoin policy a failure and more than three-quarters have never used it, German public news outlet Deutsche...

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Strike CEO: El Salvador’s Bitcoin Experiment Isn’t Over
Strike CEO: El Salvador’s Bitcoin Experiment Isn’t Over
September 30, 2022  |  Cryptocurrency

In an interview this week, bitcoin payments firm Strike’s CEO said that El Salvador’s bitcoin-as-legal-tender experiment hasn’t hurt his company in any way, noting that...

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Fitch Says Bond Buy Won’t Lower El Salvador’s Default Risk
Fitch Says Bond Buy Won’t Lower El Salvador’s Default Risk
September 23, 2022  |  Cryptocurrency

El Salvador has repurchased more than $500 million of its bonds at a huge discount, but that may not lessen its risk of a default...

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El Salvador Weekly: One Year in, Bitcoin Currency Experiment Has Bombed
El Salvador Weekly: One Year in, Bitcoin Currency Experiment Has Bombed
September 09, 2022  |  Cryptocurrency

The anniversary of El Salvador’s experiment with bitcoin as a legal tender hit without much fanfare on Sept. 7, as it takes a fair bit...

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El Salvador Weekly: One Year on, Bitcoin-as-Legal-Tender Is on the Ropes
El Salvador Weekly: One Year on, Bitcoin-as-Legal-Tender Is on the Ropes
September 04, 2022  |  Cryptocurrency

El Salvador’s experiment to make bitcoin a legal tender alongside the dollar is rapidly approaching its one-year anniversary on Sept. 7, and the endeavor has...

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